CMS Energy Co. (NYSE:CMS) Shares Purchased by Bruce & Co. Inc.

Bruce & Co. Inc. grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 320,000 shares of the utilities provider’s stock after acquiring an additional 4,000 shares during the quarter. CMS Energy comprises 6.3% of Bruce & Co. Inc.’s portfolio, making the stock its 7th largest holding. Bruce & Co. Inc.’s holdings in CMS Energy were worth $19,050,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in CMS Energy during the fourth quarter worth about $29,000. Voisard Asset Management Group Inc. bought a new position in shares of CMS Energy during the fourth quarter valued at approximately $36,000. TruNorth Capital Management LLC raised its position in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the period. Headlands Technologies LLC bought a new stake in shares of CMS Energy in the 1st quarter worth approximately $43,000. Finally, Innealta Capital LLC acquired a new position in CMS Energy during the 2nd quarter valued at approximately $43,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays increased their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 13th. KeyCorp boosted their price objective on CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley raised their price objective on shares of CMS Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Bank of America lifted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $67.33.

CMS Energy Trading Up 1.1 %

NYSE CMS opened at $70.09 on Monday. The firm’s 50 day moving average price is $65.22 and its two-hundred day moving average price is $61.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $70.12. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.75 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.